CUV 6.00% $14.58 clinuvel pharmaceuticals limited

Shorts are trapped

  1. 9 Posts.
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    I think shorts are now trapped. For the last 30 days they managed to reduce their short position by 93k shares or 3.2%. At the same period the share price appreciated by 8.4%, from $14.25 to $15.45. I know that this correlation does not mean it is a causation we can prolong into the future, but an increased possibility. We were waiting for this trap, which was seemingly the only possibility to get rid of shorts, for a very long time and possibly it has finally arrived, thanks to the share buyback, more publicity and upcoming catalysts. Now the shorting could become a blessing.
 
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Last
$14.58
Change
-0.930(6.00%)
Mkt cap ! $730.1M
Open High Low Value Volume
$15.35 $15.74 $14.23 $4.173M 285.1K

Buyers (Bids)

No. Vol. Price($)
1 500 $14.56
 

Sellers (Offers)

Price($) Vol. No.
$14.58 1486 2
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Last trade - 16.10pm 09/07/2024 (20 minute delay) ?
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